Rights statement: This is the peer reviewed version of the following article: Downs, C. (2017), Networks, trust, and risk mitigation during the American Revolutionary War: a case study. The Economic History Review, 70: 509–528. doi:10.1111/ehr.12385 which has been published in final form at http://onlinelibrary.wiley.com/doi/10.1111/ehr.12385/abstract This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.
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Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
}
TY - JOUR
T1 - Networks, trust and risk mitigation during the American revolutionary war
T2 - a case study
AU - Downs, Carolyn Mary
N1 - This is the peer reviewed version of the following article: Downs, C. (2017), Networks, trust, and risk mitigation during the American Revolutionary War: a case study. The Economic History Review, 70: 509–528. doi:10.1111/ehr.12385 which has been published in final form at http://onlinelibrary.wiley.com/doi/10.1111/ehr.12385/abstract This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.
PY - 2017/5
Y1 - 2017/5
N2 - This article takes a case study approach to the question of how entrepreneurs developed and used networks to support trade during the American Revolutionary War (American War of Independence). Using the business letter books of Daniel Eccleston of Lancaster covering January 1780 to December 1781 the paper shows how he used trust-building activities and developed open networks in Britain and the West Indies in order to build, sustain, maintain and diversify his commercial activities to mitigate risk and develop new opportunities. Ecclestons’s letters illustrate a competitive market in which entrepreneurs helped drive the industrial revolution through stimulating demand and encouraging trade. They show that mutual trust was the foundation of strong networks, and that networks were significant in underpinning entrepreneurial success through allowing the mitigation of business risk and offering the opportunity for diversification supported by the network. The paper makes use of the work of Casson (1995; 2011), Haggerty (2012), Pearson and Richardson (2001) and Wilson and Pop (2003a; 2003b) .
AB - This article takes a case study approach to the question of how entrepreneurs developed and used networks to support trade during the American Revolutionary War (American War of Independence). Using the business letter books of Daniel Eccleston of Lancaster covering January 1780 to December 1781 the paper shows how he used trust-building activities and developed open networks in Britain and the West Indies in order to build, sustain, maintain and diversify his commercial activities to mitigate risk and develop new opportunities. Ecclestons’s letters illustrate a competitive market in which entrepreneurs helped drive the industrial revolution through stimulating demand and encouraging trade. They show that mutual trust was the foundation of strong networks, and that networks were significant in underpinning entrepreneurial success through allowing the mitigation of business risk and offering the opportunity for diversification supported by the network. The paper makes use of the work of Casson (1995; 2011), Haggerty (2012), Pearson and Richardson (2001) and Wilson and Pop (2003a; 2003b) .
KW - Networks
KW - Trust
KW - American Revolutionary War
KW - Risk Mitigation
KW - Atlantic Trade
KW - industrial revolution
KW - West Indies
U2 - 10.1111/ehr.12385
DO - 10.1111/ehr.12385
M3 - Journal article
VL - 70
SP - 509
EP - 528
JO - Economic History Review
JF - Economic History Review
SN - 0013-0117
IS - 2
ER -